Bitcointalk Mobile
Bitcointalk Mobile
Bitcointalk Mobile
IRLBTC™
Preecs
Bitcoin Main
Support
Marketplace
Goods
Services
Service Ann.
Service Dis.
Exchange
Gambling
Lending
Securities
Auctions
Dev & Tech
Ecomomics
Trading
Mining
Project Dev
Meta
Digital Goods
Collectibles
Politics
Beginner Help
Off-topics
Serious
Archival
Altcoin Dis.
Altcoin Ann.
Mining Alt.
Alt Market
Speculation
العربية (Arabic)
Bahasa Indonesia
Español (Spanish)
中文 (Chinese)
Hrvatski (Croatian)
Deutsch (German)
Ελληνικά (Greek)
עברית (Hebrew)
Français
India
Italiano (Italian)
日本語 (Japanese)
Nederlands (Dutch)
Nigeria (Naija)
한국어 (Korean)
Pilipinas
Polski
Português (Portuguese)
Русский (Russian)
Română (Romanian)
Skandinavisk
Türkçe (Turkish)
Other languages
Go
>>
(p.1)
Author
Topic: [ANN] [PMC] Premine Coin | Rare | Mining Transaction Fee Proof of Concept (Read 382885 times)
creditcoin_CRD
(OP)
Member
Offline
Activity: 112
Merit: 10
[ANN] [PMC] Premine Coin | Rare | Mining Transaction Fee Proof of Concept
January 22, 2014, 06:12:59 PM
Last edit: April 24, 2014, 08:07:18 PM by creditcoin_CRD
#1
Total coins: 498999.99996251 (all in circulation)
PMC Distribution
Distribution: PoW
Algorithm: SHA256
Total coins: 498999.99996251
Block Reward: TX Fees Only - Variable Reward
Block Time: 120 Seconds
Trade Confirms: 6 blocks
P2P Port: 9336
RPC Port: 9335
Premine is a proof of concept that will showcase that mining for transaction fees is a sustainable way forward for cryptocurrencies.
As such,
all coins were freely and fairly distributed
to anybody who requested some during the 30-day distribution period.
Official Block Explorer
Alternate Block Explorer
Mining Pool w/ PMC payout option
Website
Twitter
|
Facebook
|
Freenode IRC (#premine)
|
Reddit
|
Youtube
|
Forum
German -
https://bt.irlbtc.com/view/431963.0
Spanish -
https://bt.irlbtc.com/view/430394.0
Chinese -
https://bt.irlbtc.com/view/441540.0
Italian -
https://bt.irlbtc.com/view/471287.0
Exchanges:
Poloniex
CryptoFunds
Coin Swap
C-CEX
AllCrypt
Cryptokk
Europex
Premine 30-Day Market Cap Graph
Faucet:
http://faucet.premineco.in/
Windows
Android OS
MAC
(3rd Party - Unofficial)
Linux Binary
(3rd Party - Unofficial)
Source
Github
PremineJ (java)
Paper Wallet Generator
No Block Source No Sync
Mining Premine
Sample Config File
Code:
server=1
rpcuser=theusername
rpcpassword=thepassword
rpcport=9335
rpcallowip=127.0.0.1
addnode=node.preminer.com
addnode=node1.premineco.in
addnode=node2.premineco.in
Premine 30-Day Market Cap Graph
Poloniex
CryptoRush
Coin Swap
C-CEX
Alt Outlet - Free Worldwide Shipping.
Crypto Tycoons
Help PMC Get On CoinedUp.com
http://www.reddit.com/r/CoinedUp/comments/1xe6ub/please_add_premine_pmc/
Help PMC Get On Cryptsy!
https://cryptsy.freshdesk.com/support/discussions/topics/4000000021
Help PMC Get on MintPal (3 votes unregistered-6 votes registered users/every hour)
https://www.mintpal.com/voting
http://www.followthecoin.com/3-new-bitcoin-alternatives-watching/
http://bitbillions.net/category/premine-coin/
http://www.ryblog.com/index.php?/archives/7-Did-PMC-Save-Bitcoin-Users-Billions.html
Official PMC Forum -
http://forum.premineco.in
German
Spanish
Chinese
Italian
Send Students To College With PMC -
http://www.crypto4college.info/
Support HALO Trust w/ PMC -
http://cryptotycoons.com/portal/index.php?cID=141
SEAN'S OUTPOST PENSACOLA HOMELESS OUTREACH
http://seansoutpost.com/donate/
PMC Dice
More Information:
Premine, also known as PMC, is an alternate cryptocurrency that is defying normal convention in its method of mining and distribution. While some coins are mined, or earn you interest, Premine is exclusively redistributed by its users, and block rewards are generated only by network transaction fees.
The word "premine" refers to the terminology of mining before a coin is officially launched. Although the word has had both positive and negative connotations, it simply refers to coins that have been mined before launch. Since all of Premine was mined before launch for distribution, the name symbolizes its unique method of distribution. Proof of Distribution, if you will. So even though technically all of the coins are premined, they are all in the hands of the community.
Premine is setting out to prove that cryptographic currency can continue long after the minting process has ended, making it not only a fascinating glimpse into the future of Bitcoin, but also a viable and stable alternative that thanks to its low total supply of less than 500,000 coins, allows each coin to store a great amount of wealth. This makes PMC an excellent alternative store of money. To say Premine is the future of Bitcoin isnt far from the truth.
Will Bitcoin be able to survive once the minting of new coins has ended? Nobody knows. PMC started with a market cap of zero. Bitcoin currently has a market cap in excess of $8 Billion USD. Already suffering from volatile pricing, we may discover that Bitcoin might not survive this transition, and that no coin with such a high market cap ever could. In this sense Premine is also future-proof, having avoided this hazardous transition phase altogether.
We have not only side-stepped this potentially hazardous event, we have embraced it and made it the very essence of PMC. No inflation. Just distribution.
Premine is a SHA-256 coin, just like Bitcoin. When you mine Premine, you are mining the transaction fees generated by all the people who buy, sell and trade it. In this sense, you can only mine PMC as fast as it is bought and sold, making it exceptionally stable. It does not suffer the major flaw of most cryptocurrencies, which is market flooding caused by a large drop in mining difficulty. This inevitably leads to downward pressure on market pricing causing the altcoins you hold to devalue at any given moment. PMC is not based on this model and, therefore cannot flood the market in this manner.
In PMC, The market affects the block rewards, and the block rewards affect the market. The two coexist and always seek to balance one another. PMC is built on this symmetry, and that makes it an exciting investment as well as a powerful means of exchanging goods and services.
All of the coins that ever exist have already been created and have been entirely distributed amongst the community. This distribution has continued ever since on all levels, not just by the developer, but by community members and even the exchanges.
Premine is more than just an experiment. It's a concept that is proving to work.
Visit The PreMineCoin Faucet!
|||
Premine Info
Mjollnir
Full Member
Offline
Activity: 182
Merit: 100
http://virtualcurrenciesnews.com/
Re: [ANN] [PMC] Premine - Because New Alts Are Sick Of Being Raped
January 22, 2014, 06:19:16 PM
#2
Nice idea. Count me in
My website. Collection of cuttings of crypto news world wide. With links to full article.
http://virtualcurrenciesnews.com/
And on steemit.com now
romawi
Sr. Member
Offline
Activity: 476
Merit: 250
Re: [ANN] [PMC] Premine - Because New Alts Are Sick Of Being Raped
January 22, 2014, 06:23:12 PM
#3
Yes, i will
i´m interested
NODE Coin
- 2nd Generation Crypto (PoA) - New code, Faster than BTC transactions, Node.js based
-
NodeCoin.com
cryptohunter
Legendary
Offline
Activity: 2100
Merit: 1167
MY RED TRUST LEFT BY SCUMBAGS - READ MY SIG
Re: [ANN] [PMC] Premine - Because New Alts Are Sick Of Being Raped
January 22, 2014, 06:25:34 PM
#4
sounds fair im in.
MY RED TRUST WAS LEFT BY UNTRUSTWORTHY SCUM BAGS CHECK
https://bt.irlbtc.com/view/1764757.0
https://bt.irlbtc.com/view/2829282
https://bt.irlbtc.com/view/4895354.0
https://bt.irlbtc.com/view/5098315.0
https://bt.irlbtc.com/view/5105851.0
https://bt.irlbtc.com/view/5110041.0
Burninj
Legendary
Offline
Activity: 1148
Merit: 1000
Re: [ANN] [PMC] Premine - Because New Alts Are Sick Of Being Raped
January 22, 2014, 06:28:02 PM
#5
I'm in
candidakefyr
Full Member
Offline
Activity: 193
Merit: 100
Re: [ANN] [PMC] Premine - Because New Alts Are Sick Of Being Raped
January 22, 2014, 06:29:05 PM
#6
Imagine Fairness!
░
▀
░
█
░
█
░
█
░
░░
█
░
█
░
█
░░
|
RISE
|
I
C
O
:
M
a
y
1
0
t
h
u
n
t
i
l
J
u
n
e
2
4
t
h
|
W
E
E
K
L
Y
B
O
N
U
S
:
2
0
%
,
1
5
%
,
1
0
%
,
3
X
0
%
|
USER FRIENDLY
D
A
P
P
S
|
░
█
░
█
░
█
░
▄
░
Baconfatt
Newbie
Offline
Activity: 47
Merit: 0
Re: [ANN] [PMC] Premine - Because New Alts Are Sick Of Being Raped
January 22, 2014, 06:30:42 PM
#7
Hmmm. I'm in!
hasar
Sr. Member
Offline
Activity: 336
Merit: 250
Re: [ANN] [PMC] Premine - Because New Alts Are Sick Of Being Raped
January 22, 2014, 06:30:55 PM
#8
Ok. I'll join. So it will be given away all?
I AM A DNOTES FANS THE COIN ABOVE ALL OTHERS.
creditcoin_CRD
(OP)
Member
Offline
Activity: 112
Merit: 10
Re: [ANN] [PMC] Premine - Because New Alts Are Sick Of Being Raped
January 22, 2014, 06:34:07 PM
#9
Quote from: hasar on January 22, 2014, 06:30:55 PM
Ok. I'll join. So it will be given away all?
all of it
Visit The PreMineCoin Faucet!
|||
Premine Info
StinkyS4L
Sr. Member
Offline
Activity: 300
Merit: 250
Re: [ANN] [PMC] Premine - Because New Alts Are Sick Of Being Raped
January 22, 2014, 06:38:50 PM
#10
I'll take a few thousand please
████
█
███████████
██
███
██
█
██████████
█
██
███
█
████
██████████
███
███
█
██████████
███
████
███
████
███
█
███
██
██
████
███
█
█████
█
█
███
███
█
██
█
█
███
███
█
█████████
█
███
███
█
███
███
█████
█
█████
███
███
█████
███
█
███
████
███
███
███
████
██████████
███
█
████
██████████
█
██
█
███
███
█
█████████
█
███
███
█
████████
█
█
NITROGEN SPORTS
The largest and most trusted btc sportsbook, now with poker & blackjack!
TheMightyX
Sr. Member
Offline
Activity: 350
Merit: 250
Vires in Numeris
Re: [ANN] [PMC] Premine - Because New Alts Are Sick Of Being Raped
January 22, 2014, 06:39:25 PM
#11
Quote
Because the difficulty doesn't change, the fastest rig, with the lowest latency wins 99% of the time.
Sure, I'll take a few thousand =D
Whats the point of mining for tx fees if you don't ever get the fee?
vlight
Hero Member
Offline
Activity: 656
Merit: 500
Re: [ANN] [PMC] Premine - Because New Alts Are Sick Of Being Raped
January 22, 2014, 06:42:23 PM
#12
Quote from: creditcoin_CRD on January 22, 2014, 06:34:07 PM
Quote from: hasar on January 22, 2014, 06:30:55 PM
Ok. I'll join. So it will be given away all?
all of it
Do you have any plan for distribution? For instance, how many people should receive the coins and how much they should receive.
creditcoin_CRD
(OP)
Member
Offline
Activity: 112
Merit: 10
Re: [ANN] [PMC] Premine - Because New Alts Are Sick Of Being Raped
January 22, 2014, 06:44:51 PM
#13
Quote from: vlight on January 22, 2014, 06:42:23 PM
Quote from: creditcoin_CRD on January 22, 2014, 06:34:07 PM
Quote from: hasar on January 22, 2014, 06:30:55 PM
Ok. I'll join. So it will be given away all?
all of it
Do you have any plan for distribution? For instance, how many people should receive the coins and how much they should receive.
I'm still working that out. I have a few minor kinks to figure, then we will be ready to roll. I hope to have the wallet in all of your hands by this afternoon. Will fefinately keep you all in the loop. Thanks for the good responses.
Visit The PreMineCoin Faucet!
|||
Premine Info
creditcoin_CRD
(OP)
Member
Offline
Activity: 112
Merit: 10
Re: [ANN] [PMC] Premine - Because New Alts Are Sick Of Being Raped
January 22, 2014, 06:46:13 PM
#14
Quote from: TheMightyX on January 22, 2014, 06:39:25 PM
Quote
Because the difficulty doesn't change, the fastest rig, with the lowest latency wins 99% of the time.
Sure, I'll take a few thousand =D
Whats the point of mining for tx fees if you don't ever get the fee?
you could most definitely get the fees, it's just going to be a different tactic than what everybody is used to. Also with only 500k total coins even a fraction of a coin may be a good thing some day.
Visit The PreMineCoin Faucet!
|||
Premine Info
Xtar
Hero Member
Offline
Activity: 625
Merit: 500
Re: [ANN] [PMC] Premine - Because New Alts Are Sick Of Being Raped
January 22, 2014, 06:47:37 PM
#15
I don't like it.
panonym
Sr. Member
Offline
Activity: 266
Merit: 250
Help and Love one another ♥
Re: [ANN] [PMC] Premine - Because New Alts Are Sick Of Being Raped
January 22, 2014, 07:07:51 PM
Last edit: January 26, 2014, 04:44:34 AM by panonym
#16
I gladly take my part of the 500,000 PMC
Freely given to poster, decreasing with the number of pages?
edit: now 88 post, and all coin already given >.>
Hard to do worst, nothing was ready from the start, for a change...
Seidr
Full Member
Offline
Activity: 350
Merit: 107
Re: [ANN] [PMC] Premine - Because New Alts Are Sick Of Being Raped
January 22, 2014, 07:16:26 PM
#17
I like the idea!
brokeminer
Newbie
Offline
Activity: 41
Merit: 0
Re: [ANN] [PMC] Premine - Because New Alts Are Sick Of Being Raped
January 22, 2014, 07:18:49 PM
Last edit: January 23, 2014, 03:43:53 PM by brokeminer
#18
It was just a matter of time
My PMC address: 1AzAPBVUzjJvspbbbKGJN8JbR9Y3kJgcXa
moleculecoin
Member
Offline
Activity: 84
Merit: 10
Love all coins!
Re: [ANN] [PMC] Premine - Because New Alts Are Sick Of Being Raped
January 22, 2014, 07:22:31 PM
#19
This could actually be a really valuable experiment. I don't know that anyone has tested this scenario yet in the wild. Maybe Quark comes closest, but not really the same. What happens when mining reaches the end and Tx operation takes over? Well, now we can find out... I like it.
Molecule MOL Developer Donation Address: K3LhXmZeougH7XUr1ppkKd15A53o6iBgmJ
Nullu
Hero Member
Offline
Activity: 532
Merit: 500
Re: [ANN] [PMC] Premine - Because New Alts Are Sick Of Being Raped
January 22, 2014, 07:24:53 PM
#20
I'll take a few thousand.
BTC - 14kYyhhWZwSJFHAjNTtyhRVSu157nE92gF
Pages: [
1
]
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
...
411
»
Print
Page 1
Viewing Page: 1
IRLBTC™ © 2025 IRLBTC.com